DSE BOUNCES BACK

THE Dar es Salaam Stock Exchange (DSE) has bounced back after posting 59 per cent turnover to 13.2bn/- last week compared to 8.3bn/- registered in the previous market.

The positive performance is a sign of the market recovery after the year end festivals that saw most investors reducing their participation in the business.

According to the DSE weekly report, the volume of share moved during the week under review increased to 2.8 million from 1.3 million with the Tanzania Breweries Limited (TBL) and CRDB commanding about 98.8 per cent of the business. 

However, market capitalisation registered decline to 18.6tri/- from 19tri/- while domestic market capitalisation remained unchanged at 7tri/-.

The DSE All Share index declined by 53 points due to price fall of various companies trading at the bourse. The Tanzania Share Index (TSI) declined by 127 points due to fall of share prices for TBL and CRDB by 5 and 14 per cents respectively.

The industrial sector index fell by 156.95 points largely due to the decline of TBL share prices by 5 per cent. The Banking sector index also declined by 117.55 points due to fall of CRDB share prices by 14 per cent.

The service sector index has remained constant as in the previous week at an average of 3,157.95. Bonds trading at the market rose by 160 per cent to 131.8m/- from 50m/- in the preceding week. 

Two government bonds worth 130m/- and one for Exim bank valued 1.8m/- were traded during the week.

DailyNews